Who keeps a betting record?

[Dynamite21]

…
Ive started to entry all my bets into a spreadsheet (abit tiresome) but i think it’s paying off. Iam becoming more displined and less inclinded to have impulsive BAD bets now. A thought that has occurred to me is “maybe a version of the PROZONE” could be applied to horse racing selections.

Find attached a more graphic view of what i mean. Please give your opinions and ideas at will.
cheers from D21

[GoldenMiller34]

I think it is a sound idea to keep a record although time consuming, it gives you a good general picture.

Your outcomes at various odds are similar to mine. There is very little point backing at 3/1 and under but we do! Naps are pointless (look at the tipster tables in the RP!) Everyone backs many more losers than winners yet we use the same approach to arrive at each selection so to predict which particular selection above all others that day is going to win, however much you fancy it relative to others, is virtually impossible.

I am interested in your staking. Do you bet level stakes regardless of price? I do. I invest £10 W or £10 E/W if the horse is 16/1+, always BOG. No ante post. How about you?

[Dynamite21]

Hi GoldenMiller34, thanks for your reply

i don’t have hard&fast rules, just tend to stake what i feel is right at the time. Agree with you that BOG is vital and never stray into antepost waters. Still on a learning curve though, my hope is that keeping detailed data will enable me to build success upon success. (yes ive got catchprases) :O)

Must confess that i will back very short odds EW if i am extremely confident it must be placed (80%-90%)

Here’s my spreadsheet results for APRIL…

D21

[Kentucky Spring]

Very interresting, thank you. This pinpoints what I have started to believe after the last fortnight of backing shortprized favorites, even doing kombos makes a loss. Even tried to make a bit (litterally) of money with Churchill in the Irish 2000 and a trifecta. Just not possible. You need risking huge money. The Tote online, is a Robber. Then the tote keeps your details and thus awaireness of losses. Betting with bookies pays of better.

Best Wishes
Silk

[thejudge1]

I kept one but it got so painful I deleted it

[Dynamite21]

Hi Kentucky Spring

i am sure it’s possible to make money from backing shortish priced horses. It all comes down to how good are you at estimating risk. If your analysis tells you CHEEKY CHARLIE has a 65% chance of winning and you can get 6/4. then you are laughing.

This type of estimate (ie 65%) must be tested over time to make sure you’re not “AWAY WITH THE FAIRIES” mind you. To be accurate it must hit about 65 out of 100. This is why betting for profit is so difficult.

Then having the balls to put bigger stakes on is the next obstacle.

D21

[Dynamite21]

theJudge, if you don’t mind me saying

“no pain no pain”. Keeping a record of losing bets can be very helpful and informative.

People bet different ways and for numerous reasons though, so i wish you GOOD LUCK. Actually i recently had some outrageous fortune it was more chance than grafting skill to be honest. So make sure you do some low stake multiple bets. Thats the way to win big Make sure the “Day of Days” pays out!!! when you have 4 or 5 winners.

D21

[kingbenitch]

I used to keep records and work on systems but that was 50 years or more ago.

There used to be a system based on tipster’s naps. For instance, one tipster might get a winning nap once in eight nap selections, with another it might be one in five or one in twelve. Taking any one tipster you started off with a one point to win and if it went down, two points on the next nap doubling up after each losing nap but never exceeding a 32 points bet. Bloody boring but it did win money.

I remember reading about a dog tipster who had a very successful tipping business. He would make a standard charge for his tips with the promise of money back if it lost. He was arrested when it was found that he tipped every dog in the race, thus ensuring he kept the tip charge for every winner, a nice near 17% earner.

Anyone remember the Dagenham dog track coup?

[Author]

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