Patience is a virtue

[bigbadwolfone]

We have all been there and done it and then regretted it afterwards.We are all human and all make mistakes but the key is to learn from them is it not?. Patience my friends is a virtue , especially when it comes to full time punting.Gone are the days when i could back three or four or five or six or seven horses a day,get my drift.Since becomming more patient my profits have soared and my mental mind set so much more settled.This posting is probably old news to most of you but we all must learn to sit back and take a long , hard and objective look at our approaches if we are to continue to make this game pay.The scattergun approach to punting may suit some people but are they really scrutinising what they are doing.We must all share in this statement which in itself gives us an edge over those dreaded bookies–"THE ONLY PEOPLE WHO HAVE TO BET ON EVERY RACE ARE THE BOOKIES AND THEREFORE PATIENCE MY FRIENDS IS A VIRTUE".

[LookingForAWinner]

Well said.

I have entered JonnyB’s Nap competition, and in so doing I am spending more time over just 1 race rather than trying to cover many races over my short timeslot for form analysis.

[Artemis]

bigbadwolfone,

I agree with you up to a point. If you want to earn your living from betting, the conventional wisdom is that you must be very selective and not put your cash down unless you feel the odds are in your favour. Just about every decent book on betting gives the above as one of the golden rules, and it’s very hard to get away from it. The best tipping services give out bets very sparingly and their profitability is strong evidence that this is the best approach.

However, I have to say that this approach does not suit everyone, including myself. The economics of betting professionally have long since persuaded me that, unless I come into a large sum as a bankroll, my betting will have to be for interest and pleasure only. Of course, I don’t want to throw money away, so I treat this hobby quite seriously, taking an informed and logical approach.<br>This keeps losses(and profits) to a small percentage of turnover, whilst giving me the maximum amount of pleasure from everyday involvement.

There also seem to be a few individuals and syndicates who profit from betting in every race(apart from bookmakers). Dave Nevison has this approach, often backing two or three horses per race, and he seems to do alright. I’m pretty confident that there are other individuals, probably racecourse regulars, who are making a fair living punting throughout the meeting.<br>Finally, there are some well organised syndicates and perhaps a few individuals betting into the various markets in several races a day, who are making a decent profit.

I’m not knocking your approach: you are doing well and long may it continue. All I’m saying is that it’s not the only profitable approach.

[Author]

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