- This topic has 88 replies, 35 voices, and was last updated 17 years, 4 months ago by
.
-
Posts
-
Because I have limited time at my disposal, I tend to limit my attention to races worth £20k+
I subscribe to the Form Book and calculate my own form ratings and time ratings.
I work very hard at it within the constraints of the time available to me.
I make enough to cover all subscriptions & expenses and maybe the cost of the annual holiday.
I have no inside contacts.
The harder I work the luckier I seem to be.
If you limit your bets to 20k+ races and not the average handicap no need for "inside info".
- Total Posts 438
Quote: from Nor1 on 8:52 pm on Aug. 16, 2006[br]Only bet what you can afford to lose.<br>
<br>That is the golden rule. If you haven’t got a hundred quid burning a hole in your pocket, don’t pop into Ladbrokes and smack it all on the 3.45 from Haydock, no matter how convinced you are that there’s a certainty running in it.
Other than that, I find it important to watch as many races as possible for yourself and read form and (if you can afford them) Timeform and other servcies, in order to glean as much information as possible. One of the beauties of this forum (some would say its only redeeming feature!) is that you will often find conflicting opinions: these are vital if you want to develop any form of understanding of racing (or any other subject, for that matter).
Other sensible advice given so far is not to chase your losses and to specialise; I follow the jumps more closely than the flat and find that early-season novice races at Grade One tracks usually prove very profitable, for example.
Just don’t try to do too much: no-one can possibly cover all aspects of racing knowledge and it would be foolhardy to even attempt to do so; stick to one thing and try to develop your own system, be it time-based or whatever.
I’ve covered this subject before I think ;)<br>The ‘winners’ are the people who know the result before it happens. A simple and, I think, aptly appropriate statement. <br>There are ways to become a winner of course, if you are prepared to live a stark and very spartan life trawling through the form for six hours a day and are prepared to kick yourself to death when one runs 24lbs inferior to the formbook.<br>My advice is to stick to yankees and trixies. They are a lot more fun, and they give you a life outside of your PC monitor and TV set.
interesting comments on here and the odd porkie i suspect, GH may well have hit the mark. aside from being very good friends with a jockey, it can be done though i won’t claim to be doing it. what’s clear as day is that the vast majority, probably more than 9 out of 10 people do lose, you have to have a massive majority of losers in gambling for anyone as well as/or bookies to make a profit. also, nobody is going to tell or sell info on how to make money out of what is probably not an infinite cash cow are they ? as long as what one does is within one’s own means it should be fine – the only difference between spending a hundred quid a week or so playing racing instead of golf, is that racing might give you the odd financial treat but golf will only give you blisters
Quote: from EC on 11:38 pm on Aug. 16, 2006[br]Grassy
Only me and Dave lose..you should know that ;)
when I said 98% of punters lose..I didn’t mean on here:cheesy: ..we all know that only 2% lose on TRF..me and Dave<br>
ÂÂÂ
Well done to you and Dave then….its good to be special :)
Forgot to give the best method of getting out of mug punting land…stop betting! Works every time.
SHL
- Total Posts 17716
<br> MP
If you think a horse can lose – don’t back it!<br> This will take away much of the gambling element, severely limit your bets, and you will learn from the losers.<br>
I think there are 3 aspects:
(1) technique<br>(2) staking<br>(3) emotions
(1) technique
You need an edge. You need to be able to consistently evaluate the true odds better than the market.
One way is to specialise in a particular group of horses (e.g sprinters).
Another is through compiling your own ratings
Another is the "notebook" approach where you use your insights into individual horses.
Another is paddock watching.
and so on …
(2) staking
You’ve got to get this systemised. Otherwise, you’re just staking on your emotions in the moment.
(3) emotions
Long term success means following your technique so you are betting at a consistent advantage.
If you start chasing losses, or getting loose with "the bookies money" or doubting yourself, you’re not betting like a pro. You’re betting like a mug.
And you should expect "mug" results.
Hope this helps
Steve <br>
i’ve been there and it weren’t a faacking buzz, believe me – i couldn’t watch the race, had to go outside for a smoke, had to have 2 and a slug of JD, crept back to the room and poked my head round the door in the manner of someone expecting to get shot and seeing the race was over and the ads were on remember clicking on the horses name with a finger like a man with parkinsons praying to see 1.01 next to it’s name – trust me, it weren’t a good feeling even though it did win and it was a damn good lesson – stick that in your list of things to avoid if you want, that one’s for free – i won’t say i haven’t bet more than i should since as we keep saying never again, don’t we, but at least i made sure i was so drunk every other time i really couldn’t give a s**t
– that’s lesson number 2 for nothing. the rest of my secrets i shall keep to myself for nowhow did You know it was an odds-on shot in a class E hurdle ? – if you also know the SP and how much i put on the b*****d
thing i’ll crap myself :oThere’s an old adage…
‘The only way to end up with a small fortune betting horses is to start with a large fortune.’
But I disagree.
Quote: from sberry on 11:42 am on Aug. 17, 2006[br]i’ve been there and it weren’t a faacking buzz, believe me – i couldn’t watch the race, had to go outside for a smoke, had to have 2 and a slug of JD, crept back to the room and poked my head round the door in the manner of someone expecting to get shot and seeing the race was over and the ads were on remember clicking on the horses name with a finger like a man with parkinsons praying to see 1.01 next to it’s name – trust me, it weren’t a good feeling even though it did win and it was a damn good lesson – stick that in your list of things to avoid if you want, that one’s for free – i won’t say i haven’t bet more than i should since as we keep saying never again, don’t we, but at least i made sure i was so drunk every other time i really couldn’t give a s**t<br> – that’s lesson number 2 for nothing.  the rest of my secrets i shall keep to myself for now<br>
And yet your still a fan of that alweather s**t
e :)SHL
SHL, come on now, you know AW racing is more consistent, fair (to both horses and punters alike), honest and at least they don’t fall over or get hurt as much – and it goes ahead in any weather too. hand on heart, i’ve never had a worrying moment with the AW, it’s the best ;)
I reckon less than 1% of punters make a profit in the long term (over 5 years or more). You probably could make a profit over the short term (6 months to a year) just by being luck.
If I go to the pub I expect to pay for the pleasure. If I get dragged out for a meal, I expect to pay for it. If I sit down and watch telly I’m paying for it. If I go out to work, I expect to be paid for it. If I bet on horses I expect to pay for it, ie I expect to lose. Anything above that is a bonus.
People generally, would be better off not fantasizing about how much they would like to win and just face the fact that racing is an entertainment industry and you WILL be paying for it. So just enjoy the experience and relax.<br>:cool:
How much are you prepared to risk losing as a percentage of your income every month ?<br>If your making money hand over fist shouldn’t you be out spending it and not twatting about on a message board ?
Last year I got a multiple bet up in February and picked up just over £1K. Within three weeks I was sat on the beach in Spain and the cash was done. If I could do that every year I would be happy. I suppose being realistic helps me cope with having a miserable existence.<br>:biggrin:
great post dave jay, spot on. your guesstimate of percentages looks good to me and the attitude is good. when strawberry dale romped home at 18/1 and i had 54 to win at prices between 30 and 55 and 25 to place, netting me a cool 1750, my first reaction was to swear my tits off in the pub and explain to everyone 3 times how good i was at this racing game and bore ’em to death with the details of the bet, then get a round in and then go for a tiddly meal and impress the waiter by ordering a bottle of moet and a bottle of bollinger just for starters – proper punters attitude that is. your bit about twatting about on a message board is good too and kind of backs up my point if anyone has a profitable system they would sell or tell to no-one and they would spend every waking hour raking as much as they could as fast as they could, before retiring and fleeing this godforsaken crap-hole – but that don’t include those sad people who love making money but also hate spending it and hate the thought of not working – if that’s normal i’m bloody glad i’m not normal…
I have to declare myself in the losers camp this flat season, despite a lot of form study and attention to detail. I’m not doing my cobs, by any means, but definitely in the red.
There are definitely no magical systems that will work year in, year out: just a lot of hard work which is liable, nay likely, to end in a loss.
I doubt very much whether there are many professionals posting on the forum, except perhaps AP, who we all respect. The turnover necessary to make a living is at least £10k a week to cover expenses and get a wage at 10% profitability, and achieving that sort of percentage over a long period is tough, even for the well informed.
For the majority, it’s a hobby. We bet what we can afford, when we can afford it. If Grasshopper likes the buzz, then good luck to him.
- You must be logged in to reply to this topic.