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Quote: from carlisle on 8:53 am on June 19, 2007[br]Hi robert_69
if a punter cannot win with fivers he will not win with five grands.  One must draw a line in the sand,…… are you an investor or a gambler?
byefrom<br>carlisle
Carlisle
I believe Robert’s point is that betting with 5k’s would make one a damn sight more careful with  their selections, and far less prone to gamble than the £5 punter.<br>Eminently sensible, in my view.
You either have discipline or you don’t. I don’t believe that betting "bigger" will suddenly make you a better punter. And in some instances it can make you worse, eg – you pass up good opportunities because you are "afraid" to lose or alternatively you will feel compelled to start chasing because your losses are more. This should not happen if you have a proven method which you are confident in. And you can’t develop that method properly by betting outside your comfort zone.
Hi reet hard
my point is that financial considerations should not effect your decisions.  Whether one point equals a fiver or 5K. However, I am not saying this is easy to control.
After all most of us are human.
byeform<br>carlisle<br>
There are lots of ways to skin a cat.
I know someone who has for the past 4 years – had a maximum of £1000 in their BF account and has made a living comfortable for mortgage, 2 cars, 2 children etc…
The idea of a huge bank isn’t really necassary IMO.
I try to keep a maximum of $1000 in my poker account and consistently make 25% profit on that a week – withdraw and start again – not a living but a nice side income.
Quote: from reet hard on 1:05 pm on June 19, 2007[br]
Quote: from carlisle on 8:53 am on June 19, 2007[br]Hi robert_69
if a punter cannot win with fivers he will not win with five grands.  One must draw a line in the sand,…… are you an investor or a gambler?
byefrom<br>carlisle
Carlisle
I believe Robert’s point is that betting with 5k’s would make one a damn sight more careful with  their selections, and far less prone to gamble than the £5 punter.<br>Eminently sensible, in my view.<br>
Reet Hard,
Got it in one.
Quote: from carlisle on 8:53 am on June 19, 2007[br]Hi robert_69
if a punter cannot win with fivers he will not win with five grands.  One must draw a line in the sand,…… are you an investor or a gambler?
byefrom<br>carlisle
Carlisle,
That is the point – if you cannot back with conviction then you are wasting a whole lifetime. Many go from method to method always hoping that one day they will be ready – years of fivers wasted could have bought them whatever they wanted if they had put same each day into the Nationwide.
If you do have an edge then you must maximise it but it takes conviction to place large sums with indifference so I would put the opposite to you – why back a good bet with £5 when you can back it with £5000?<br>If £5000 makes you think this may not be such a good bet, then why back it at all?
I detest gambling but I do not mind winning large sums on the right horses.
Hi robert99
I would only back at £5 a point if I had £250 to risk.
I would only back at 5K a point if I had 250K profit tucked away.
Indifferently backing at £5 a point or indifferently backing at 5K a point……….
byefrom<br>carlisle<br>
(Edited by carlisle at 8:17 am on June 20, 2007)
Quote: from carlisle on 8:15 am on June 20, 2007[br]Hi robert99
I would only back at £5 a point if I had £250 to risk.
I would only back at 5K a point if I had 250K profit tucked away.
Indifferently backing at £5 a point or indifferently backing at 5K a point……….
byefrom<br>carlisle
Going back to Maurice’s post of 17 June (ie £20K pa betting 6 races a day at £105 each), it would take you 263 years to reach a bank of £250k if you were betting only at the £5 a point level – and that is without eating. That would take more than confidence and temperament to achieve. That model just does not work.<br>At some stage you need to inject a substantial cash input, other than grinding out and growing small percentage profits, into the bank that can achieve the £250k bank, or whatever is adequate, in 2 -5 years max.
<br>(Edited by carlisle at 8:17 am on June 20, 2007)<br>
Hi robert99
obviously £5 & 5K are opposites of the staking spectrum.
(my earlier post)<br>"As for his number of bets and the stake levels this would be dictated by his analysis and race interpretation.  I would suggest starting with a 1K bank spliting it into £20 one point units, then proceeding to bet at the rate of one point equals 2% of the bank.  This will engender a success built upon success mentality."
I think an average of 10 points profit a week is possible, operating from £100 a point which would be rich enough for most peoples blood.
How long would this take?
byefrom<br>carlisle<br>
hows your vdw type grid coming along carlisle how does zaham look today fancy it a bit myself
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