- This topic has 91 replies, 27 voices, and was last updated 20 years, 5 months ago by
.
-
Posts
-
Absolutely, Canada. And, yes, Tooting’s post was an absolute gem, wasn’t it, gamble.
Must be that an orange glare’s affecting Jim’s perception. Or maybe he missed a falling baton and it knocked a little more sense out of him!
No, gamble, I’ve long wanted to "go for the snake’s head" (a "temperament" thing), but God seems to think otherwise. Either I do it incrementally and, even at the upper limit, with modest stakes, or he’ll pull the plug all the time.
The fact that the high life has no appeal for me at my age – my wife wouldn’t mind it, mind you – doesn’t really come into it. I would bet as big as was practicable for me, just for the extra buzz.
Last Saturday reminded me, all too late, that when I look at meetings in the paper, and I feel I could – I might – have a lot of good to really big-priced winners, there is an absolutely overwhelming likelihood that the reverse will happen. Particularly as there was not one bet, at least at more than 11/10, I would encourage my wife to bet her dosh on. That might well prove to be my best long-term criterion.
So, extrapolating from that Saturday, when faced with such a scenario, the next time, I hope I will concentrate on finding one or two second favourites in the betting, falsely rejected by the pundits (albeit pursuant to a time-honoured convention of reading a horse’s last race as the most significant, even when it seems to be random blip), but which I fancy; and selected group races.
As it’s 100/100 hindsight now, I won’t cite the nags in question. And it’s anything but guaranteed that I’d be disciplined enough to keep to them.
Must be that an orange glare’s affecting Jim’s perception. Or maybe he missed a falling baton and it knocked a little more sense out of him!
you’ve lost me but then again if you like losing then you should be happy all your life :laugh:
Must be that an orange glare’s affecting Jim’s perception. Or maybe he missed a falling baton and it knocked a little more sense out of him!
Sash, Jim-Sash!!!!
Don’t tempt him Hoofski , i hear Jim is a sure surefire man to start a ting tong. :biggrin:
I think to knock this question on the head is going to mean getting very pedantic.
A money bet is very very firmly in Caesar’s domain, so, strictly in those terms, a losing bet can only be bad news for the person who placed it.
But there are other terms in which every bet should be viewed and appraised, if making money in the long term is the aim. And no, a doctor doesn’t have to have cancer himself in order to know how to treat it. To be a successful punter – by definition, surely, making a consistent and significant net profit – must require moe than theoretical knowledge. It is a truism, reiterated by ALL such professional punters, as far as I know, that discipline is also absolutely essential.
But they must also expect that not every bet they place will win or return their stake. So – and I realise this is a metaphor rather than a close analogy (still less a literal statement) – losses require to be viewed as a kind of ground bait or in supermarket terms, a loss leader – and be factored into the perspective of the punter on his betting, so that he can adjust his stakes and the odds he seeks to bet at, accordingly.
There will always be that element of risk, and how we assess it and factor it into our approach to our betting is bound to reflect our discipline or lack of it.
Does that clarify the issue at all? Losing bets are bad, but in the most obvious, immediate and limited sense; they can nevertheless be turned to the punter’s advantage, if he is able to learn from them, and see them as an integral part of the business, which simply has to be factored in to the overall betting approach/methodology.
Bookies surely talk about bad losses, etc., but, unless they combine itheir bookmaking with punting, they understand that they are an essential, factored-in part of the system whereby they systematically make money over probably a relatively short  period of time. And that really is the end of my two penn’orth.
<br>
(Edited by Grimes at 11:18 pm on May 28, 2004)
Grimes,my friend,i hope.. can you tell me why is it that when i’m on ONE of the exchanges and laying nags with a modicum of success.. i decide to switch[card] to backing the nags to win,and end up losing? :angry:
I take no credit for that phrase Dave. Think it was Joe Takach or Andy Beyer who came up with that one.
Jill, buddy, I fear it is an extreme and untreatable pathology, referred to in obscure medical books as "Becke’s Jinx". If God’s in that kind of mood, he’s a very, very hard man to bring round, until the mood takes him.
The successful pro may or may not not win the most important prizes in life, as well, but  I honestly believe he/she has God, has Divine Providence on their side in the matter of betting professionally. We know it, I suppose, as luck. Maybe, in racing,  it’s the product of total commitment plus undivided attention. But I think there’s that other mysterious vocational aspect to it.
I bet mostly to win, and get, I believe, a truly  phenomenal number of seconds. But I can guarantee to you that if I were to place most of my bets, each way, they would evaporate and be unplaced.
But, perhaps, someone else will be able to bring a more prosaic explanation to bear on the issue, but, personally, I do think that pro betting is a calling! <br>
Thanks for the reply Grimes,wise words as ever.
<br>MY NAME IS JILL AND I AM A MUG PUNTER.
There,i feel better now :biggrin:
Grimes,<br> Did you not say a little while ago that you make a couple of hundred sqid a week from gambling?Almost certain that it was you,but forgive me if i’m wrong.
If you do then fair play to you,some poor folk have to work full-time for 10k a year even in this day and age.
Mouth and trousers, Jilly.
One swallow comes along now and again and the sun blazes like beggary for a while – it has been as much as a few months – and I think an endless summer has arrived at last. Oh foolishness, thy name is Grimes.
I got some of my recent losses back today with Ouija Board. I did weight it as a special banker, but instead of ceaselessly piling it on day after day, and forgetting everything else, day after day, I frittered a lot of those recent winnings, seeking to win more on tuppeny-ha’penny races to put on her.
Just as during the brief spells of sunshine, I even know I’m going to win just about every photo finish, once it stops, until the next break in the clouds, every (good) thing I touch turns to dross. I may bet on a horse at 5/4 and it ends up at 8/11, it’ll still go down.
When the sun shines I can supplement my winnings on horses at good odds, with winning bets on shorter shots. Not so when the "mockers" arrives. Exactly the opposite.
I still hope to make a consistent if modest net profit, but I mustn’t shoot my mouth off prematurely. Never in fact. I’m astonished at the cockiness of Mourinho, the new Chelsea manager. I’d have thought he was old enough to know that pride comes before a fall, with pretty consistent regularity.
(Edited by Grimes at 11:15 pm on June 4, 2004)<br>
(Edited by Grimes at 11:17 pm on June 4, 2004)
Ah,i see Grimes.. I also have enjoyed moments in the sun,especially in the laying of the nags.Sometimes,like yourself,i’ve put on my best summer clothes and stocked-up on suntan lotion,only to have to quickly rush back inside and face the rain sodden reality of the real world of punting.
Still,we must try,and one day we will crack it and both have a summer that will put the one of 1976 in the shade,:crossfingers:
You favour laying bets on the exchanges, you said, Jill, but to make it pay, I think you must have a bit of capital.
The only laying on the exchanges that would interest me if I weren’t living hand to mouth, and had sufficient capital to make it a paying proposition (without which the temptation to punt would be too much), would be betting ante post on outsiders when they’re first priced up, so that I’d win zummat if they won or lost.
- You must be logged in to reply to this topic.