AND WHAT ARE YOU ACHIEVING?
So what are you trying
to achieve? No, REALLY – what are you trying to achieve
in the world of punting on horse racing?
Are you trying to
find a slow steady and safer way to increase your punting bank
or do you just crave the excitement of having a huge win every
now and again to hell with the long term financial risks.
Both are achievable.
Both take differing periods of time. Both take totally different
levels of application and dedication.
To be the “huge-winner
here-we-go, to-hell-with-risks” type of punter takes no
skill whatsoever. No work. No hours of study. No checking and
re-checking past results.
Just a sense of devil may care bravado and half an idea that you,
and you alone, control all destiny and can exercise your mental
will to give you an unbeatable edge at racing.
That because you
are wearing your lucky red socks or slacks that nothing can go
wrong. But of course it always does. You’ll see this type
of punter at the Totalisator agency every day. They are frantically
scanning the Best Bets form guide in the minutes before they jump
trying to find that “well priced” get out bet and
race over to the computer terminal with just seconds to spare
to “get on”.
Inevitably they then
run to the TV monitor and slap their thigh with their form guide
as if that somehow urges their selection on and then they make
strange hissing sounds at the TV. I find it very hard not to laugh
out loud at this point! Which is why I much prefer the solitude
of my HOME office and the peaceful and quiet environment in which
I can then (hopefully) make wiser judgments. Yes, the internet
is a wonderful thing.
Those judgments are
always about price/value – they are NEVER about “which
horse” because those decisions have been made hours before
any horse has even reached the track. You never win making selection
calls on the fly.
Being slow and steady
IS boring but I can’t afford excitement. As I have said
before in different articles the formula is very easy: e=r=l or
excitement = risk = loss.
You have to be slow
and steady in your assessment methodology. You must have a passion
for figures and analysis. You have to LOVE that aspect of it all.
When you do something
wholeheartedly, you do it well. This is another key to success.
Do what you love to do. In cases where you are doing something
which is not in your area of interest then your chances of success
become significantly diminished unless you find out what you would
love to do.
Doing what makes
you happy will lead you towards happiness in your life. Poring
over form angles and selection criteria is long hard work (and
boring for most people) but no work done with enthusiasm is ever
I love doing what
I do. I do figures and facts really well. There are lots of people
who do it better than me and good luck to them. In the world of
gambling and percentages, application to the task at hand is absolutely
You can’t win
without a systematic approach. You don’t necessarily win
with a systematic approach but your chances of having modest gains
are far improved by using a good solid approach based on the analysis
of gambling events gone by conducted under similar circumstances.
And a method you have trialled FIRST over a significant number
of gambling events to give a statistical indication of the likelihood
Once you have that
model ironed out then it is up to you . You have to hunger to
achieve and that hunger should never wane. Don’t give in
to temptations, boredom or frustrations if they come to you before
you achieve what you’ve set out to do.
to say that you follow your system to the death even in the face
of overwhelming evidence that it’s not going to work in
the long term. You have to be able to adapt if it is proven to
YOU that you may be on slightly the wrong track. Bury the dead
horses and move on. But make sure you’re moving on to something
better than that approach you are seeking to abandon. Test your
new idea first before jumping ship.
That approach may
still be successful if a change or two here and there is made
but you won’t know that unless you are prepared to keep
records of every bet and every form guide and be willing to spend
hours and hours revising the approach and looking for improvements.
you have to “love it”. That’s where most people
fail the test. That’s where the losers who make up the pool,
that the winners drink from, originate.
Stick to the plan.
Don’t be diverted by “interest bets”. You know
the ones – oh, I’ll just have a boxed trifecta on
the next race so it gives me an interest. Over the long haul,
those random bets will cost you a small fortune over a year and
that doesn’t seem too interesting to me.
To be successful,
at anything, not necessarily gambling, you simply have to adopt
some positive attitudes. For starters, every morning, as my mother
often says, you just have to get up, dress up and show up. It’s
still her attitude as she approaches her 90th birthday!
Get up, dress up, show up. No matter how down you feel. No matter
how large the task. If you’re not trapped in a bed, and
many poor souls are, do it.
Rule 2: Battle
the odds. Don’t quit the fight half way through the fifth
round and say it’s all too hard. It’s never too hard
if you love it.
Rule 3: Know
your short comings. Really know them. Ask yourself the tough question
when you’re all alone in your thoughts: what don’t
I do well? Look at those fears straight in the eyes and work towards
changing them. Overcome them. It doesn’t matter what it
takes to do that. Do it.
Understand that you don’t have to achieve all your goals
today – especially long term financial goals. Break it down
in to smaller mini goals. At times they all may seem too far away
but don’t be distracted. We all know the feeling of the
first day after you’ve signed the mortgage papers on your
HOME. It seems unbelievable that you could ever pay off that amount
of money. But as surely as the sun comes up every day, eventually
you get there.
(And perhaps a very important one if you love punting) Be patient.
Things may not always seem to be on track and achievable. If you
believe you are on the right track don’t be distracted.
Don’t have the rush of blood to the head. Don’t adopt
the “oh to hell with all this time taking” idea and
go for the big bet because “seven losers a row this has
thrown up – it must be due for a win”. It never is.
It never will win. That’s the law of the gambling gods.
Would you have a
go at building a house yourself without any floor plans and parameters
and accepted measurements clearly defined? Of course you wouldn’t.
So why are you betting blind without a defined system or method
in mind that gives you a better edge than those that don't?
Above all else, and
this is a MUST—enjoy yourself. If racing and punting doesn’t
give you enjoyment, you are on the wrong tram! If the selection
method you use is not a long term winning one,
get one that is. If you can't devise your own or don't have the
time and information base to devise one, buy one - but choose
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