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Disciplined gambling on horse racing

I am well aware that I harp on about this thing called discipline but it really is the most valuable skill you will acquire of you are to be a success at what you are trying to achieve.

A wise man (or woman) once said "being a success at gambling is merely making quality decisions for an extended period of time" and she or he is exactly correct.

The discipline part comes in not exceeding or stepping out from those guidelines you have reason to believe are correct. The making the wrong decisions generally come about through reasons of greed, or boredom. Mostly it is boredom.

For example, I don't bet on any race after 6pm. A secret system? A criteria I have stumbled across through studying past patterns? Nothing like it. It is just that I know that the Sky Channel "banter" and wall to wall race calling drives my far better half absolutely mad and other members of the household aren't the slightest bit interested so to draw a line somewhere I just decided 6pm was the absolute cut off time. Not 6.03 or 6.07 or 6.10. SIX pm. That's my cut off time seven days a week.

Night racing? Don't play - don't care. WA racing? You can't live everywhere simultaneously. The laws of physics don't allow it. Late Brisbane racing over summer? Tough!

I cannot tell you the joy it gives you to find out the next day that a horse you would have been interested in in a race at 6.05 ran down the track!!

And when they win? Hey - c'est la vie. Under the staking plan I use, I simply HAVE to be able to walk away from a sequence at any time and return to it hours (or days) later and be able to continue on oblivious to the fact that I may have missed ten or fifty races. It doesn't matter and neither should it matter to you. If it does, you are probably on the wrong tram.

It is worth remembering that you will ALWAYS back more losers than winners using ANY selection plan. Always. So it follows that if I decide 6pm is the limit, any bets after that will always contain the same percentage of losers as before 6pm.

There will ALWAYS be horses that meet the criteria of any plan you are using that you will miss out on for any number of reasons but you cannot be there 24 hours a day, seven days a week to make sure you snare every one and if your staking plan is dependant upon that happening, not only are you on the wrong tram but the tram probably has no brakes.

If one of the rules to your (place betting?) approach is don't bet in field of less than eight runners then simply don't do it. No matter how strongly you feel about its chances, no matter how long that losing sequence is getting, no matter how attractive the odds, don't do it. Sit there and watch and enjoy the moment when your discipline is rewarded as it will be more times than not.

There is just as much to be gained from not backing losers than there is in backing winners.

You can't come out in front of any betting sequence once your % of losers exceeds the "comfort zone" levels YOU have ascribed to it. It simply won't work.

Yes I know that sitting there race after race watching them all salute (seemingly) is frustrating when you haven't backed them simply because they are "slightly" lower odds than what you can obtain. Been there. Done that. Many times.

However it always seems to be more winners you are missing out on that what may factually be the case - that's just human nature and "the way of it". The perception that tries to undermine your confidence!

But if the odds aren't there - don't bet. Don't EVER bet if the odds aren't right. Ever.

If your minimum acceptable price is $2.50, $2.40 is unacceptable - or SHOULD BE. Proof? Try going down to Woollies or Coles and see if they will take $2 for a $2.50 item at the check out!

They won't and neither should you. You are after all merely buying a "commodity" when you accept a price. The discipline is not the magical solution to the problem of actually deciding which horses to back but without it as the "final step" in any "programme", going to the trouble of actually selecting a possible winner is a dead waste of time..........and money.

This article is copyright 2012 . All rights reserved. May be copied freely for personal use and yes you can put it up on your web page providing this copyright notice stays in tact.