[luckyvane]

Oh dear I have backed Albaqaa of Faheys and its had a run!! Only consolation is I am on at 25/1

Dont worry Raymo you not the only one i backed it saturday myself (33/1 e/w corals)I also backed it in the lincoln trial at wolves when it finished 3rd to Vitznau. That slowly run race did not suit it at all as the horse needs to come off a fast pace,so hopefully it will get that saturday.When i looked at the form of the race i came up with a shortlist of 3 Albaqaa, Extraterrestrial and Huzzah, so after some deliberation decided to back Albaqaa and Huzzah who ran a fine race last year running mainly down the middle of the track before finishing 5th on a mark of 98. Now B.Hills has this horse on a mark of 93 (His last winning mark) i think he can go close so had to have a bit of the 20/1 e/w, but the horse may miss the cut so he may have to settle for the consolation prize leaving the race for Albaqaa . just have the draw to contend with now.

[luckyvane]

Sure your selections are THE most important point, if you can’t pick wiiners you’ll lose and if you can you should win, it’s hardy rocket science

That is correct in some aspects,but the picking of winners is only part of the equation, there are some really good form students/ race readers out there but with out the correct money management staking etc fail, even though they can pick winners.

[luckyvane]

I can’t see anywhere in the thread as to how you make your selections?

Thats because i havent said!!The subject was what do you think it takes to bet successfully full time? not how i make my selections or what methods i use.

[luckyvane]

If you are clever enough to be able to make 5% on horseracing bets long term then you should be clever enough to figure out what sorts of things need to change in order to make a living from that. For instance, if that 5% is fixed for the purposes of this discussion, you need to turn over several times what you are currently turning over.

You do not, however, necessarily need a big bank to achieve this. You just need to make the bank you have work much harder for you. Big sums can certainly be turned over starting with less than £10k, but it depends on the approach being used.

Thanks for the input,what would you suggest the T/O could be say daily with less than £10k.The only suggestion i could make on what you say is maybe go in slightly heavier on certain races i feel more confident about.

[luckyvane]

FIST

Where did i ever mention that i would be betting £2,500 on a single race a day, you obviously dont understand the methods used.As for getting the price required, that can be a problem what ever the stake.

So I can only assume you would be increasing your 2 or 3 bets to 20 or 30 bets per week or why would you want to incease you pot ?

If that is the case there’s a very good chance your % of winners will drop drastically.

Please enlighten me if I am missing something here.

Hi Fist the point being when you divide the £2500 into an average of 5 races then divide that into as many selections viable for each race, you can now see that what you are saying about getting a large amount on A SELECTION does not come into it.This is just an example.

[luckyvane]

FIST

Where did i ever mention that i would be betting £2,500 on a single race a day, you obviously dont understand the methods used.As for getting the price required, that can be a problem what ever the stake.

[luckyvane]

Luckyvane

So your problem is; that you increased your bank from 5k to 9k in 1 year over 4 years ago, and you’re confident you can do it regularly, but you can’t see a way to raise the 50k to do it full time?

I have not got a problem i am comfortable with what i do and know,I was merely asking what different people thought about how you would approach it given the chance ,and this was my opinion.It was a quesstion not a problem.lol

[luckyvane]

I read it and it makes me shudder to think you are working off a 5% profit. That could so easily have been a 5% loss which would have meant you worked for 3000 hours for nothing.

Stepping up your pot to 50,000 won’t help because it’s all relative. Instead of averaging 260 pounds you would average 2500 pounds and then you might not get matched in a lot of cases. Nothing worse when they win and you wanted twice as much on as you got on.

The 5% would become 40,000 but that could easily end up minus 40,000.

I honestly think your treading on thin ice but wish you luck. You should be looking at ways of increasing your profit margin not your stake.

Hi thanks for the input,but firstly i never mentioned how i operate,so how you come to the conclusion about being matched for £2500 is a non starter as for the 5% i feel very confident about that being achievable on my past performance its realistic.So the treading on thin ice does not really come into it.

[luckyvane]

its not that i need to reform my way of betting i made a 5% profit on turnover,its just that if your turnover is not big enough it doesent matter how many bets you make your long term profits cant amount to enough to sustain you for a living its ok having 1 or 2 bets a week but you cant realistically go with that unless your bets are substantial.All the pro punters i have spoke to or read about have a large yearly t/o and not many make above 5% on it over a lenthy period.

[luckyvane]

Betting for a living is not much different from running a small business IMO. Most small business go out of business in the first few years due to cash flow problems and it’s no different betting, you need a separate adequate bank.

Totally agree you need the knowledge firstly and then the finance to make the turnover worth while.

[luckyvane]

I guess i would have to have (How to win at handicap racing 1990)(Figure handicapping 1992)(How to beat the handicapper 1996)and (Value betting 1990) to name but a few.

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